(Solved by Humans)-Kohler Corporation reports the following components of
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| Kohler Corporation reports the following components of stockholders? equity on December 31, 2013: |
| ? | ||
| ???Common stock?$20 par value, 100,000 shares authorized, 45,000 shares issued and ???outstanding | $ | 900,000?? |
| ???Paid-in capital in excess of par value, common stock | ? | 80,000?? |
| ???Retained earnings | ? | 430,000?? |
| ? | ||
| ???Total stockholders? equity | $ | 1,410,000?? |
| ? | ||
| In year 2014, the following transactions affected its stockholders? equity accounts. | |||
| ? | |||
| Jan. | 1 | ? | Purchased 5,000 shares of its own stock at $20 cash per share. |
| Jan. | 5 | ? | Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. |
| Feb. | 28 | ? | Paid the dividend declared on January 5. |
| July? | 6 | ? | Sold 1,875 of its treasury shares at $24 cash per share. |
| Aug. | 22 | ? | Sold 3,125 of its treasury shares at $17 cash per share. |
| Sept. | 5 | ? | Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. |
| Oct. | 28 | ? | Paid the dividend declared on September 5. |
| Dec. | 31 | ? | Closed the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. |
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This question was answered on: 10 May, 2025
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